Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sets New 52-Week High – Here’s What Happened

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $95.49 and last traded at $94.24, with a volume of 927133 shares trading hands. The stock had previously closed at $94.59.

Invesco PHLX Semiconductor ETF Price Performance

The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 34.20 and a beta of 1.74. The firm has a 50 day moving average price of $71.52 and a 200-day moving average price of $63.31.

Invesco PHLX Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0706 dividend. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco PHLX Semiconductor ETF’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.3%.

Institutional Trading of Invesco PHLX Semiconductor ETF

Several hedge funds have recently modified their holdings of SOXQ. Ameriprise Financial Inc. raised its stake in shares of Invesco PHLX Semiconductor ETF by 215.6% in the second quarter. Ameriprise Financial Inc. now owns 245,267 shares of the company’s stock valued at $10,698,000 after acquiring an additional 167,554 shares in the last quarter. NorthRock Partners LLC acquired a new stake in shares of Invesco PHLX Semiconductor ETF in the third quarter valued at $6,596,000. Condor Capital Management raised its stake in shares of Invesco PHLX Semiconductor ETF by 58.0% in the fourth quarter. Condor Capital Management now owns 192,807 shares of the company’s stock valued at $10,753,000 after acquiring an additional 70,746 shares in the last quarter. VestGen Advisors LLC raised its stake in Invesco PHLX Semiconductor ETF by 379.3% in the fourth quarter. VestGen Advisors LLC now owns 76,239 shares of the company’s stock valued at $4,252,000 after buying an additional 60,334 shares in the last quarter. Finally, Marshall Investment Management LLC raised its stake in Invesco PHLX Semiconductor ETF by 460.0% in the third quarter. Marshall Investment Management LLC now owns 56,979 shares of the company’s stock valued at $2,856,000 after buying an additional 46,805 shares in the last quarter.

About Invesco PHLX Semiconductor ETF

The Invesco PHLX Semiconductor ETF (SOXQ) is an exchange-traded fund that is based on the PHLX / Semiconductor index, a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXQ was launched on Jun 11, 2021 and is managed by Invesco.